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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
INTEREST INCOME        
Loans $ 1,082 $ 1,000 $ 2,148 $ 1,940
Loans held for sale 15 16 28 28
Securities available for sale 135 97 264 192
Held-to-maturity securities 67 72 135 141
Trading account assets 9 7 17 14
Short-term investments 17 8 33 16
Other investments 4 5 8 11
Total interest income 1,329 1,205 2,633 2,342
INTEREST EXPENSE        
Deposits 223 112 425 203
Federal funds purchased and securities sold under repurchase agreements 0 5 1 9
Bank notes and other short-term borrowings 5 7 9 13
Long-term debt 120 102 240 194
Total interest expense 348 226 675 419
NET INTEREST INCOME 981 979 1,958 1,923
Provision for credit losses 74 64 136 125
Net interest income after provision for credit losses 907 915 1,822 1,798
NONINTEREST INCOME        
Trust and investment services income 122 128 237 261
Investment banking and debt placement fees 163 155 273 298
Service charges on deposit accounts 83 91 165 180
Operating lease income and other leasing gains 44 (6) 81 26
Corporate services income 53 61 108 123
Cards and payments income 73 71 139 133
Corporate-owned life insurance income 33 32 65 64
Consumer mortgage income 10 7 18 14
Mortgage servicing fees 24 22 45 42
Other income [1] 17 99 27 120
Total noninterest income 622 660 1,158 1,261
NONINTEREST EXPENSE        
Personnel 589 586 1,152 1,180
Net occupancy 73 79 145 157
Computer processing 56 51 110 103
Business services and professional fees 45 51 89 92
Equipment 24 26 48 52
Operating lease expense 32 30 58 57
Marketing 24 26 43 51
FDIC assessment 9 21 16 42
Intangible asset amortization 22 25 44 54
OREO expense, net 4 0 7 2
Other expense 141 98 270 209
Total noninterest expense 1,019 993 1,982 1,999
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 510 582 998 1,060
Income taxes 87 103 169 165
INCOME (LOSS) FROM CONTINUING OPERATIONS 423 479 829 895
Income (loss) from discontinued operations 2 3 3 5
NET INCOME (LOSS) 425 482 832 900
Less: Net income (loss) attributable to noncontrolling interests 0 0 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO KEY 425 482 832 900
Income (loss) from continuing operations attributable to Key common shareholders 403 464 789 866
Net income (loss) attributable to Key common shareholders $ 405 $ 467 $ 792 $ 871
Per Common Share:        
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) $ 0.40 $ 0.44 $ 0.79 $ 0.82
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0 0 0
Net income (loss) attributable to Key common shareholders (in usd per share) [2] 0.40 0.44 0.79 0.82
Per Common Share — assuming dilution:        
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) 0.40 0.44 0.78 0.81
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0 0 0
Net income (loss) attributable to Key common shareholders (in usd per share) [2] 0.40 0.44 0.78 0.81
Cash dividends declared per common share (in usd per share) $ 0.17 $ 0.120 $ 0.340 $ 0.225
Weighted-average common shares outstanding (000) (in shares) 999,163 1,052,652 1,003,047 1,054,378
Effect of common share options and other stock awards (in shares) 8,801 13,141 9,318 14,561
Weighted-average common shares and potential common shares outstanding (in shares) [3] 1,007,964 1,065,793 1,012,365 1,068,939
[1]
For the three and six months ended June 30, 2019, and June 30, 2018, net securities gains totaled less than $1 million. For the three and six months ended June 30, 2019, and June 30, 2018, we did not have any impairment losses related to securities.
[2]
EPS may not foot due to rounding.
[3]
Assumes conversion of Common Share options and other stock awards and/or convertible preferred stock, as applicable.